XRP continues to trade under heavy bearish pressure as price remains trapped inside a well-defined descending channel. Multiple failed attempts to break the upper trendline have kept sellers fully in control, pushing XRP back toward the $1.82–$1.90 major demand zone — a crucial support region highlighted on the chart.
The recent decline was triggered after repeated rejections around the $2.52 (0.382 Fib) and $2.74 (0.5 Fib) resistance levels, confirming strong supply in that area. This sell-off has also forced XRP below key EMAs:
20 EMA – $2.113
50 EMA – $2.250
100 EMA – $2.413
200 EMA – $2.465
All four EMAs are stacked above the current price, forming a heavy resistance cluster and indicating that the broader trend remains bearish.
XRP is now testing the lower boundary of the descending channel while sitting just above the Fib 0 level at $1.82 — a critical point that has historically acted as strong support. A breakdown below $1.82 could accelerate the decline toward $1.72–$1.75, the extended demand zone.
For any meaningful bullish recovery, XRP must first reclaim $2.25 (0.236 Fib). A daily close above this level would signal early stabilization.
A stronger shift in momentum will occur only if XRP breaks above:
$2.52 (0.382 Fib)
$2.74 (0.5 Fib)
A full trend reversal requires a clean breakout above $2.95 (0.618 Fib).
The RSI at 42.23 shows weak momentum but not yet oversold, suggesting that while price is near support, buyers have not shown aggressive strength yet.
📊 Key Levels
Resistance
$2.25 (0.236 Fib)
$2.52 (0.382 Fib)
$2.74 (0.5 Fib)
$2.95 (0.618 Fib)
$3.26 (0.786 Fib)
Support
$1.82 (major Fib support)
$1.72–$1.75 (extended demand zone)
RSI
42.23 — weak momentum, neutral zone
📌 Summary
XRP remains under clear bearish control as long as it trades inside the descending channel and below its major EMA cluster. The $1.82 support zone is the key level to hold — losing it could trigger a deeper drop.
A breakout above $2.25, and eventually $2.52–$2.74, is required for momentum to shift back to the bullish side.
